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as you point out for more than a point. republicans concerned about the impact of the pentagon budget if this goes through. >> when people talk about the fiscal cliff most of the attention is about taxes going up and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called sequester that would hit the pentagon. on "fox news sunday" senator lindsey graham told chris wallace he got a call from the defense secretary suggesting these cuts are coming. lake a listen. >> i was called by leon panetta at 7:30 during dinner. >> secretary of defense. >> this is the failure of the supercommittee to find $1.2 trillion in cuts. half of the 1.2 falls on defense who already cut. he says if we do this we will shoot the defens
teal the pentagon is bracing for $500 billion but that is over the next decade and raises questions how military leaders plan to keep the nation safe. >> last friday when president obama rolled out his new plan for steering us away from the fiscal cliff there was word he did not say, that word was, sequester, the sequester would automatically cut more than a hundred billion from the budget next year, half from domestic programs and half from defense programs. as the deadline draws close, experts are looking at national security standpoint and warning one final time about the impact on the safety of our service members. >> it's going to affect the operational force that is deployed in terms of its ability to maintain equipment, to get repair parts. that force is delayed around the world, not just the force in afghanistan that is being reduced. it would impact on the training of the force and preparedness. >> reporter: white house officials say it's unclear what is going to happen. on friday john mccain said he doesn't see how a deal gets done without addressing the cuts. >> a lot of defe
on the sequester, the massive spending cut, that would largely target the pentagon. interesting on fox news sunday, republican lindy graham said he got a phone call from the defense secretary, saying even if there is a deal on tax, it is likely they won't have a deal on the spending cuts. so our national defense will take a hit. take a listen. >> not going to happen -- >> i talked to leon panetta last night, 7:30, during dinner -- >> secretary of defense? >> he said, lindsay, i have been told nothing of sequestration will go into effect, and that is the debt ceiling increase, half of the $1.2 falls on defense. we have cut $89 billion. he said, it would be shooting the defense department in the head and we will have to send out 800,000 layoff notices the beginning of the year. he is worried to death if we don't fix sequestration, we will destroy the finest military in the worlds when we need it most. >> if the sequestration goes through, massive impact on our national defense. if the tax rate issue is not settled, we could be facing the largest tax increase in american history since world war ii. l
be a massive hit on the pentagon budget and what that means for our national defense. big deal. >> absolutely. thanks. joining us for a closer look at the fiscal cliff negotiations, ron johnson, a member of the appropriations and budget committees in the senate. thank you for taking a break from a busy time to visit with us. >> thank you. >> i want to get a response from the comments to the president. he said that g.o.p. can't take yes for an answer. is there an offer that would have been acceptable to the house or the senate g.o.p.? >> not that i am aware. people throw the numbers around, like there is a deal, $1 revenue for $3 spending cuts, i have never seen those deals. senator harry reid should have made sure the senate passed a budget, sometime in the past 3 years and that would be reconciled with the house and you would have a framework, you know, a budget resolution that the committee -- the appropriations committee, the house ways & means committee, senate finance committee, they would have the instructions to work on the difficult problems npublic. have a public debate. we are down
the experience to manage an organization like the pentagon. margaret thatcher leaving the hospital. she was admitted last week for an operation to remove a bladder growth. >> gregg: senate majority leader harry reid saying he is not overly optimistic that a deal will be reached to avoid the so-called fiscal cliff. even if they get something passed here there are other challenges that our economy will face. global powers like china and europe and japan are having major problems of their own. that could affect the way they do business with us. joining us is to talk about, ed, good to see you. biggest problem some of these governments to stimulate their economies, die let's just print a bunch of money. that has catastrophic events with them and even with the united states that may tried traded with them. >> that seems to be just to print money. that is not how it works. when somebody prints money, it's devalues their currency which makes anything they want to export or anything that they are importing more expensive. that is why your food is more expensive because we imported a lot of that
Search Results 0 to 4 of about 5

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